New York Court Decision in Fight Against BitLicense Delayed – Bitcoints

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Published on October 11th, 2017 | by bitcoin

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New York Court Decision in Fight Against BitLicense Delayed

While most businesses have resigned themselves to the rules, getting practices in shape or else shipping out, Chino hasn’t given up the fight.
On one side, Chino’s legal counsel argued that the New York State Department of Financial Services (NYDFS) overstepped its mandate when it issued the BitLicense.
Instead of formally weighing in on the case, Judge St. George set a future court date for the participants to reconvene on January 11, 2018.
Not only does this mean his case gets to live another day, but the judge seemed, at times, swayed by his lawyer’s arguments.
When asked by the judge if bitcoin was, in fact, a financial instrument, Ciric responded, “No, absolutely not.”

Source: Www.coindesk.com



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